tag:blogger.com,1999:blog-36986974905209596042015-02-13T19:35:11.981+05:30Micro Housing Finance Corporation Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.comBlogger131125tag:blogger.com,1999:blog-3698697490520959604.post-59950302804854169582015-02-05T11:22:00.000+05:302015-02-06T15:45:08.883+05:30MHFC nominated for Financial Times 'Boldness in Business' Award
The beginning of this year has come with fantastic news for MHFC. We were recently given a 5 star impact rating by the world’s leading impact rating agency, GIIRS. Further, we had a full page story on our work and processes along with a customer story in the world’s leading business newspaper - the Financial Times, London.
We are now happy to share some more lovely news! MHFC has been Shivranjana Rathorehttps://plus.google.com/115009978197173915803noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-79576163194196688762015-01-21T16:05:00.001+05:302015-01-23T15:37:37.590+05:30MHFC partners with Playtor Lifespaces for three affordable housing projects in Pune
Even though various numbers and studies for Q3 2014 show a relative dip in affordable housing nationally, the city of Pune has fared relatively better owing to its demand for affordable houses. The year 2015 however, promises to be a good year for affordable housing (read here).
Specifically, Pune based Sangam Realty who have projects in low cost housing have announced a partnership Shivranjana Rathorehttps://plus.google.com/115009978197173915803noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-11439898346621522662014-12-03T09:16:00.000+05:302014-12-03T09:16:32.014+05:30MP (Madhya Pradesh) Housing Board - applications open for EWS (5.45 lakhs) / LIG (12.31 lakhs) flats in Bhopal
MP Housing Board has announced / opened a lottery of 912 flats in Bhopal aimed at lower income families (432 EWS and 480 LIG) - see below link for more details.MP Housing Board advertisementApplications are currently open till Dec 10 (or till the MP Housing Board receives applications for all the flats) - and we believe that this represents a very good chance of getting a home in Bhopal at a Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-44360384688122383652014-11-29T12:00:00.000+05:302014-11-29T12:01:50.819+05:30DDA allotments declared
Draw for the Delhi Development Authority's (DDA's) mega housing scheme was held on Nov 25, and the results are now available on DDA website. Per the HT article (link below), DDA vice-chairman Balvinder Kumar said flats will be handed over to the lucky winners only after they are completely constructed with all amenities.
"All payments ... will have to be made online...almost all flats will beRajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-40378747143410094442014-11-29T11:35:00.000+05:302014-11-29T11:51:18.001+05:30Amrita Abashan / BGA Realtors - Kolkatta
Ad in today's TOI by BGA Realtors, which is an existing builder partner of MHFC in Kolkatta re flats being offered in its projects - and MHFC's offer to finance buyers from the informal sector who have income but do not have documentation to prove income - at a special rate of 9.8% (fixed for 7 years).
This is an approved project for MHFC - and we will finance buyers from our segment (Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-28174621824673999852014-11-18T09:38:00.000+05:302014-11-18T09:40:32.945+05:30DDA Housing Scheme Draw Postponed
The Delhi Development Authority (DDA) has postponed the computerised draw of lots for its Housing Scheme 2014, a top official said. The DDA housing draw was scheduled to be held on November 17.
Speaking to NDTV, vice chairman Balvinder Kumar cited technical reasons for the delay and said the draw could be held in four to five days - full details per link to article below:
NDTV Profit article
Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-8632643620844818092014-11-12T14:30:00.001+05:302014-11-12T14:30:48.690+05:30Pune affordable housing
Several new affordable housing projects (price range approx Rs 10 to 15 lakhs) coming up in the outskirts of Pune - this article has some details on the projects.
Business Standard article - Nov 12, 2014MHFC is associated with all the builders named in this segment and hence for assistance on financing for homes on these projects, esp for financially excluded informal sector customers who lackRajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-85172828713797140542014-11-11T13:14:00.001+05:302014-11-11T13:14:59.154+05:30MP Housing Board - launch of EWS / LIG housing flats
The MP Housing Board ("MPHB") has just launched approx 900 flats (432 EWS / 480 LIG) - see link below to the pdf of the brochure - which indicates that price of EWS flat is at 5.45 lakhs and price of LIG flat is at 12.31 lakhs. The scheme was launched on Nov 10, 2014 and is expected to be open for a month.
MP Housing Board scheme - pdf
Of course, these will be approved projects for MHFC, Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-51870691368867340562014-10-11T09:27:00.001+05:302014-10-11T09:27:46.427+05:30Poddar Developers - Atgaon - Navjeevan
Half page ad in the Hindustan Times (Mumbai edition) this morning re an approved project of MHFC - an affordable housing project by Poddar Developers - "Navjeevan" at Atgaon (near Shahpur), under which 1 RK flats start at 7.8 lakhs and 1 BHK at 10.20 lakhs.
For more information on the project, please see the company's website.
For financing on this project, especially for informal sector Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-86021078795095937902014-10-10T20:19:00.002+05:302014-10-10T20:30:33.823+05:30New Launch - Mahindra Lifespaces "Happinest"- Boisar
Mahindra Lifespaces affordable housing project - "Happinest" has just launched - in Boisar.
Spread across over 14 acres, the project offers 1RK, 1 and 2 BHK apartments in the range of 351 sqft to 695 sqft and would have a total of 800 units, and will be priced between Rs 9.1 lakh to Rs 17.5 lakh.
In the first phase, where construction will commence from next week and is scheduled to be Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-18923524930948273002014-10-09T13:21:00.000+05:302014-10-09T13:21:22.252+05:30Launch of Amrita Abashan II - Sonapur, Kolkatta
BGA Realtors, which is an existing builder partner of MHFC in Kolkatta has just launched the next phase of its Amrita Abashan project - Phase II - under which it is offering 240 flats (468 sq ft in size) priced between 8.1 lakhs and 8.65 lakhs respectively). Phase I had offered 768 flats.
See link below for more details on the project
News article - BGA Amrita Abashan II launch
This is an Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-71452363421467839872014-09-02T09:25:00.001+05:302014-09-02T09:26:47.611+05:30DDA Housing Scheme 2014 opens - 25,034 flats on sale
Some announcements regarding new MHADA flats that will be available in 2014 - about 25,000 flats of which about 90% expected to be under EWS (pricing expected at between 7 and 11 lakhs).
Times of India
Economic Times
Business Today
"We are offering 25,034 flats in the 2014 scheme out of which 22,627 would be one-bed room apartments." said Balvinder Kumar, Vice-chairman, DDA.
"The 'DDA Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-25261402496144783022014-08-14T17:56:00.001+05:302014-08-23T23:17:33.268+05:30A short cut to financial inclusion
The Central Governments ambitious plan for financial
inclusion under the Sampooorn Vittiya Samaveshan (SVS) targets the inclusion of
100 million unbanked households. Is this achievable with the present banking
network and mindset? Or is there a short cut?
Consider this. In the 67 years of independence despite the
best efforts of the Reserve Bank through regulation, persuasion and coercion,
menonhttp://www.blogger.com/profile/17270537912834607404noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-44045541009755442082014-07-28T08:39:00.002+05:302014-07-28T08:39:29.957+05:30Mint Article - low income housing
Interesting article this morning (July 28, 2014) on renewed interest from developers in low income / affordable housing - from leading developers like the Mahindra Group, Ajmera and Shapoorji Pallonji. With more financing available (from several HFCs like MHFC focussed on this segment) and an enabling government environment, we believe that this sector should see many more such plans over the Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-643324832019393302014-07-15T17:42:00.000+05:302014-07-15T17:43:22.433+05:30DBS Launches New Project - Umang Vatwa
On 26th June 2014, affordable housing company DBS (Design Build Serve) announced a new project named "Umang Vatwa" that will be built in Ahmedabad, Gujarat.
The project will provide both 1 RK and 2RK flats, starting at INR 4.99 lakh. Located close to the railway station and providing modern amenities which include 24/7 water supply, Umang Vatwa is the latest project from DBS that Micro Housing Udit Hindujahttps://plus.google.com/105404295628610621072noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-21907435051805269852014-07-10T15:42:00.000+05:302014-07-10T16:17:17.638+05:30Budget 2014-15 - impact on low income housing
Firstly this is a government that has in its manifesto a "housing for all" objective - by 2022 in fact - and thus there are major expectations of several important measures, immediate and over the next few months, that will promote and support this critical sector.
In this budget (2014-15), there were some specific measures :
1. FDI can be brought in fairly easily (usual restrictions on min Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-86176827332979178752014-06-21T17:26:00.002+05:302014-06-21T17:27:28.324+05:30Gujarat Chief Minister Anandi Patel cancels Gujarat Housing Board draw for affordable houses
Just a follow up story that the Gujarat Housing Board draw for 8,000 flats (in Ahmedabad, Surat, Rajkot and Vadodara) were cancelled yesterday - see link to article in the DNA below:
DNA article - June 20, 2014
Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-66227041412586857252014-06-16T15:20:00.001+05:302014-06-16T15:20:40.649+05:30Draw today for 2,584 Gujarat Housing Board houses
Per this TOI article - see link below - today is the draw for GHB houses across 4 cities - Ahmedabad, Surat, Vadodara and Rajkot.
TOI article - June 15, 2014
Of course, these will be approved projects for MHFC and we will finance successful allottees who require a loan and are from our segment (financially excluded lower income families) subject to terms and conditions. For more details, Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-65659286993940548512014-06-13T14:18:00.005+05:302014-07-08T16:56:00.410+05:30Bhubhaneshwar Development Authority - 7,000 housing units coming up this year
Per this Indian Express article - link below - the
Bhubhaneshwar Development Authority ("BDA") plans to build 7,000
homes this year of which 5,000 units will be built for EWS / LIG / MIG
families - and after the first year, the BDA is planning to add about 5,000 low
cost housing units every year. A BDA official said the purpose of the proposal,
like all other affordable housing projects, is to Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com1tag:blogger.com,1999:blog-3698697490520959604.post-20185886713219559512014-06-01T12:05:00.003+05:302014-06-01T12:06:17.530+05:30How to Prepare Yourself for a Home Loan
Link to an article in NDTV (from BankBazaar.com) on preparing for a home loan - very true and lots of good advice (except that in MHFC's case, we dont require formal documents to prove incomes - since our focus is mainly on the informal sector who are financially excluded precisely because of this).
NDTV / Bank Bazaar article - June 1, 2014
Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-59194055804431152692014-04-21T14:57:00.001+05:302014-07-08T16:40:13.199+05:30HIDCO focus on low cost flats - Rajarhat, Kolkatta
Not much detail - but per this TOI article - link below - HIDCO is working on flats for EWS families - in Rajarhat New Town, Kolkatta.
TOI article - April 19, 2014
Of course, these will be approved projects for MHFC. Of course, these will be approved projects for MHFC and we will finance successful allottees who require a loan and are from our segment (financially excluded lower income Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-55841282936994410402014-04-17T13:45:00.001+05:302014-04-21T14:57:47.908+05:30Surat Municipal Corporation - 11,000 EWS and LIG homes
Per this TOI article - link below - Surat Municipal Corporation ("SMC") has plans to build 11,000 EWS and LIG homes across 37 locations in Surat.
It seems that the EWS units will cost 3 lakhs and will be 1BHK flats with carpet area of 25 square metres, while the LIG units cost 7.5 lakhs and will be 1BHK flats with carpet area of 36 sq km.
TOI article - April 16, 2014
Of course, these will beRajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-45266253610573063612014-03-29T20:18:00.001+05:302014-03-29T20:19:08.031+05:30Anandgram Ketkawale - low cost housing project near Pune
The next Anandgram project by Vastushodh Builders at Ketkawale has just been launched - and is expected to receive a number of bookings over the next 3 day holiday period. In this phase, the builder has on offer 502 flats (80 1 RK, 297 1 BHK and 125 2 BHK) with the price range from 7 to 20 lakhs.
For more information on the project incl the location, facilities, specifications, and layout, Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-17652856464520288462014-03-17T16:25:00.000+05:302014-04-19T15:33:53.721+05:30Rajkot Municipal Corporation to build 6,284 houses for the urban poor within two years
Per this Express article - link below - Rajkot mayor Raksha Boliya and municipal commissioner Ajay Bhadu announced that the civic body will construct 2,270 houses EWS families whose annual income is up to Rs1 lakh. It will also construct 4,514 residential apartments for the Low Income Group (LIG) of the society whose annual income is between Rs 1- 2.5 lakh. While EWS units will be Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-27528695633536113142014-03-17T16:15:00.000+05:302014-04-19T15:32:13.322+05:30Ahmedabad Municipal Corporation's LIG housing schemes soon
Per this TOI article - see link below - a package of 1,888 houses is expected to come up in the Vatva area of Ahmedabad. Overall, 4,937 LIG houses in the coming year in various areas of the city - 29 locations - including Vejalpur, Nikol, Chandkheda, Chandlodia, Thaltej, Kali, Vadaj, Vastral, Kankaria, Shahibag areas.
TOI article - Jan 21, 2014
Of course, these will be approved projects for Rajnishhttp://www.blogger.com/profile/08881311305825321955noreply@blogger.com0